REIM Capital has launched a refurbishment bridging product aimed at property investors looking to fund the purchase and light renovation of residential and semi-commercial assets.
The product is designed to help investors move quickly on time-sensitive opportunities, including auction purchases and buy, refurbish, refinance, and rent (BRRR) strategies. Eligible properties include standard residential stock, HMOs, and semi-commercial assets where the residential element exceeds 50%.
What the product offers investors
Funding is available up to 75% loan-to-value and 75% loan-to-gross-development-value, subject to the property type and borrower experience.
The minimum day one loan is £150,000, with drawdowns available from £25,000. To qualify, the cost of works must not exceed 25% of the property's current market value on day one.
"This is a really positive step forward as we continue to grow," said Marcus Dussard, sales director at REIM Capital (pictured).
"Our focus is simple: giving brokers and clients the confidence that funding will be there when it matters, with the flexibility to support a wide range of opportunities. Refurb is where bridging really comes into its own, so this is a natural progression as we continue to build our presence in the market."
